The 2026 SECU Annual Meeting: Recap ...

   Highly Producktive!

This year's Annual Meeting appeared to go off without a hitch. Well-scripted, stage-managed! 

As noted in yesterday's post [link], SECU members' focus should have been on three areas: 1) financials, 2) board election, and 3) the Q&A. Well, it ended up being a "Meatloaf" meeting [link], as in "Don't be sad, 'cause two out of three ain't bad." 

Excellent marks for financial performance in the past year, with unblemished CPA audit reports for @ the 50th consecutive year - the real hallmark of SECU! Financially well-managed, safe and sound. CEO Brady's interpretation of those financial results did have its critics [Anonymous October 13, 2026 at 6:51 PM].

You might be surprised, but board elections were also a high positive! Looks like @100,000 members are still very much engaged. SECU members showed they want to have a choice and a chance to vote on their directors. This year's member-nominated candidates - Barry Browning and Julian Hawes - attracted much interest, but were not elected. The two member-nominated candidates from 2023 were re-elected!

  As to the Q&A, regrettably it turned out to be another "tails up" performance by our CEO. We did learn that a new 30 minute limitation has been adopted for this session. Most of the 70 submitted questions were not answered by Ms. Brady, but a promise was made to post a complete Q&A by the end of October. So, we'll have to wait a couple of weeks on this one. If you missed the Annual meeting, a video will also be posted by the end of the month. 

😎 As an SECU member be sure to take a few moments to watch the video segment on the SECU Foundation! The Foundation presentation by executive director, Jama Campbell, was the highlight of the meeting. If you don't realize how important SECU is to North Carolina, Ms. Campbell will convince you - Make you proud! 

   SECU... you own it! 

 

2026 SECU Annual Meeting: Character Matters! Show Time..Part Last!

   Trust Us! Why?

The SECU Annual Membership Meeting begins at 1:00 pm.

The SECU Board has clamped down on SECU member participation - now a "members may listen only" format. Guess we should be grateful for that! You can "listen up" over live-stream [link]

Listen for this:

1. Financial reports: SECU remains safe and sound - as always. No surprises there.  
2. Election results: There was no election in 2025, but two members - Barry Browning and Julian Hawes - stepped up this year to make sure that member right doesn't also get extinguished.  [Kalshi is heavily favoring the incumbents!] In 2023, around 15,000 members voted, with the 3 Board anointed incumbents getting bounced in a close contest; @ 100,000 members voted in 2024 with incumbents prevailing soundly by a 2 to 1 margin. It will be interesting to see how many members participate in 2026. 
3. The Q&A session:  Might take a look at the last 5 posts [starting here] for some questions which were submitted.

✅ The Q&A will be a test of character for our CEO. It is Leigh Brady's opportunity to tell the truth, the whole truth, and nothing but the truth to the 8,000 employees and 3 million members for whom she works. A leader should be willing to do that.

 

✓ Being open about rates, service quality, posting information, and the normal tensions around everyday issues would be welcome. A breath of fresh air!

 

✓ Lets hope our CEO will step up with a straight answer this year to this question: "Please publish the wording of the bylaw amendments approved by the SECU Board in September, 2025; explain their purpose and intent; and state if the amendments have been modified or rescinded?" The truth won't hurt, another duck will.

 

✓ Is the SECU Board truly going to require a 300,000 member petition and special meeting for members to suggest resolutions for consideration by the Board? Does that make sense, or another internal lawyer gone rogue? Can't our CEO think of a better solution?

 

✓ Then listen carefully to the member privacy answer. Give up our privacy rights and allow SECU to sell our personal financial data to third parties without specific approval, or don't get service? [AI is sure to inflame this issue further!] This is not what SECU members want, nor expect from SECU. 

 

 😎 Trust Us!... Why Not Trust "Us" - Your Members ? 

 

 Hey, Listen up ... !